Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Clyde Park to vote Sept. 9 on $453,812 2024–25 budget; ARPA project makes on-paper shortfall
Summary
Clerk/Treasurer Stacy Mills presented a $453,812 proposed budget for 2024–25; the council will vote on a budget resolution Sept. 9, 2024. Officials said ARPA-funded water work (about $225,000) and expected federal reimbursement (about $93,000) are the primary reasons the budget exceeds projected revenues.
Clerk/Treasurer Stacy Mills presented the Town of Clyde Park’s proposed 2024–25 budget, showing total appropriations of $453,812 and projected revenue of $415,436. She told the council that accounting for the ARPA-funded water project is driving the difference between appropriations and revenue.
"Before the ARPA project, the budget was in good shape," Stacy Mills said; she described ongoing reclassifications to correct funds that had been posted to wrong accounts and said adjusted budget documents would be uploaded to the shared drive for council review.
Mayor Sydney Wiley said the budget does not balance "on paper" this year and that the town has covered bills historically; he called balancing next year the council's goal and said staff will examine revenue increases and cost reductions.
Council members asked for clarifications about ARPA line items. Council member Brian Eckenrod confirmed Mills had adjusted entries to reflect that ARPA project appropriations (about $225,000) were included in the budget and that the town expects roughly $93,000 of federal reimbursement to be recorded in the revenue budget.
The council did not adopt the budget at the Aug. 12 meeting. Mayor Wiley said the council will vote on and sign the 2024–25 Budget Resolution at its next regular meeting on Sept. 9, 2024, then submit the adopted budget to the state in October.
Unfinished business related to the budget—processing fees for water and a possible increase to water rates—was moved to the next meeting. Council member Brian Eckenrod said he will contact legal counsel to advance the rate discussion.
